Sadly Robinson family have too much control and shareholders are screwed because of it. More of there self interests
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Market doesn't like what they are seeing & hearing
RAK currently 0.89 - down 15%
NBIP dead in the water by the looks...recent market pricing has been accurate.
We already know forthcoming FY24 results will be dismal.
Look out below here.
GLTA.
My take is to repeat my earlier opinion that the R's will never give up the family legacy and thus opining that such a 'complexity' - as seen by the potential bidder- makes the transaction problematic to progress ?.
The bidder will want 100% ownership. I don't think that outcome is likely, IMO.
Maybe the bidder should write to shareholders directly and state the basis of the offer?. I've seen that done before. But of course a blocking stake is insurmountable, unless the price is right to remove the blockage. I don't think it will be here.
Share price 62 cents when offer came
So even if it doesn’t go ahead at least given the share price a boost
I wouldn't be betting on it.. nobody else has rushed in, as yet.
“One thing [Senna] said that I think fits our situation quite well,” Altug offered, “Is he said: ‘you cannot overtake 15 cars when there’s sunshine, but you can when it’s raining’
Just reminiscing from a while ago
What about if there is some people standing in the roadway?
It seems a bizarre world wherein the interests of a non shareholding potential acquirer are exclusively prioritised over the interests of the existing owners of the target company via the legalese of a confidentiality “agreement”. (Invariably not an "agreement" at all, more a non-negotiable requirement of the Johnny comes lately acquirer.)